Are you curious, as to whether or not banking with an internet-only bank is a viable option? Don’t worry, you’re not alone.
It seems like online-only banks have a mystique about them, which leads to both intrigue and trepidation. We personally have held savings accounts at various online-only banks, and have had nothing but positive experiences thus far.
To break down the ins and outs of banking with internet-only banks, we reached out to Erin Lowry to share her expertise. Erin is the founder of BrokeMillennial.com, where she uses sarcasm and humor to explain basic financial concepts to her fellow millennials. Erin lives in New York City and works for MagnifyMoney.com.
What You Will Learn
- Why you should consider banking with an online-only bank.
- The big differences between brick and mortar banks and online-only banks.
- How online banks save you money on fees.
- Which online banks are reputable.
- What to look out for when researching online-only banks.
Resources Mentioned
Thanks For Listening!
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